News: ATL ACCC Outlines Preliminary Concerns With THL's Proposed Deal For Apollo Tourism & Leisure

April 28 (Reuters) - ACCC:

• HAS OUTLINED PRELIMINARY COMPETITION CONCERNS WITH THL'S PROPOSED ACQUISITION OF APOLLO
• ACQUISITION OF APOLLO WILL REMOVE THL’S CLOSEST AND LARGEST COMPETITOR FOR MOTORISED RV RENTALS IN AUSTRALIA
• MARKET FEEDBACK ALSO INDICATES OTHER RV RENTAL SUPPLIERS LACK SCALE TO REPLACE COMPETITION LOST BY APOLLO BEING ACQUIRED
• IS ALSO EXAMINING EXTENT TO WHICH PEER-TO-PEER PLATFORMS COMPETE WITH TRADITIONAL RV RENTAL SUPPLIERS
• AS A RESULT OF MARKET FEEDBACK SO FAR, CONCERNED CONSUMERS MAY END UP PAYING MORE TO RENT RVS
• FINAL DECISION IS SCHEDULED FOR 21 JULY 2022
• INVITES SUBMISSIONS FROM INTERESTED PARTIES IN RESPONSE TO STATEMENT OF ISSUES BY 19 MAY